yaar kya Gold main smjha nahi mujhe samjhao in new in forex and gold is in must in forex ya wese hi knowledge ke liye lagai hai post
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yaar kya Gold main smjha nahi mujhe samjhao in new in forex and gold is in must in forex ya wese hi knowledge ke liye lagai hai post
Bias is neutral for nearest term to stay on
1770 – 1785 area, clear break out of this area
should give us a clearer direction. But we do
still prefer bullish outlook as the price was
bounced by MA200 on 1H chart.
Resistance Level : 1785, 1795, 1800
Support Level : 1770, 1765, 1755
Trading Range : 1770 – 1785
Trend : Neutral
Gold technical analysis for 08.10.2012 by using : Auto pivot indicator.
resistance 3:1816.36
resistance 2:1806.05
resistance 1:1793.18
pivot point :1782.87
support 1:1770.00
support 2:1759.69
support 3:1746.82
In the investment world price movement either up or down and the trend of world economic development can provide benefits or losses for market participants. Many market participants that make up its investment portfolio based on risk tolerance which can be in the face or can be received by the investor. so even with noble ogam investor, before you decide to invest in precious metals was her well you know some of the things that can affect the price of precious metals will perger this, some things that affect the movement of rise / fall of gold, including:
Inflation. Inflation never beat the prices of Gold, Gold prices always rise above the inflation. Unlike bank interest, bank interest will never melibihi inflation. The bank will lose money if interest rates provide savings melibihi Inflation value. Usually the government will determine the assumption of inflation during the period of the ongoing budget, well if the predictions are in the middle of the road changed drastically higher, then gold prices will skyrocket up.
Trading for the short term ....
Price does not seem capable of achieving Stop Shop has been established previously.
It appears also from the price that is unable to penetrate the High Highest ago.
The movement during the day is in sideways.
Asian session this time, in TF M30, it appears buyers trying to achieve high Highest ago ...
Initial support at 1490 jun 27 low followed by 1485 initial resistance is now at 1526 followed by 1523 high
[Spoiler:
On the H1 chart, the price is dibawah12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates the trend is still down area
Range :1759.76-1785 .54
Option: SELL
Take profit: 1759.76
Gold still in bearish movement, Now price hold in daily support 1 level (1769.83). If the price continue break from this level down, gold may fall to 1759.77 as daily support 2 level. but signal stochastic in tf h4 had shown in oversold area, it may indicates that price can retrace up for short term but limited.
so what is your prediction my friend, where will GOLD go. Thank You.Quote:
Originally Posted by parvez
Daily chart for gold is in a very strong resistance, but there developed not in a hurry, there was again a new high in 1795 ... and now we see the expanding triangle ... so, in my opinion, to play on a turn when we can break through some level of 1740 ....=(